This was a great article from Barrons about Fannie and Freddie.

Shares of Fannie Mae and Freddie Mac have declined by approximately 90 percent from the previous year and both companies are reporting quarter-over-quarter losses, leading some to believe than a government take-over or complete privatization is imminent.
MAKING SENSE OF THE STORY FOR THE CONSUMER
· According [...]

I regularly deal with a number of large asset management companies and lenders who need to sell off their real estate owned property, often referred to as REO property.  The word on the street is that most are expecting a 100% increase in the number of properties that are going to foreclosure in the next [...]

A great real estate agent and friend of mine, Aaron Simons, sent me this chart about the consequences of a short sale versus a foreclosure.  The chart was developed by the Distressed Property Institute.  I think it does an excellent job of dispelling some myths about short sales and their actual consequences to a borrower.
FORECLOSURE [...]

This is a great article that come out in the LA Times a few days ago and explains how you can buy a house and get a great tax credit.  Read on . . .

Tax credit for home buyers works like an interest-free loan
Purchasers can shave as much as $7,500 off their IRS bills, though [...]

I met Sara Henninger when her house in Garden Grove came off the market.  It had been on the market with another agent for 6-months-with no offers.  We met and decided to relist the home with a new marketing strategy.  Her ultimate goal was to move out of Garden Grove and buy a home in [...]